Polymerization Catalyst Market Growth to Gain Impetus by a Significant CAGR during 2020 – 2030 Owing to the Increasing Manufacture of Polymer Resins Around the Globe

Research Nester published a report titled “Polymerization Catalyst Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global polymerization catalyst market in terms of market segmentation by catalyst, type, manufacturing process, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The polymerization catalyst market is projected to grow at a significant CAGR during the forecast period, i.e., 2021 – 2030. The growth of the market is primarily driven by the growing production of polymer resins in the world, increasing R&D activities to improve quality and reduce cost of polymerization catalysts, and intensifying use of catalysts to produce plastic. Furthermore, rising demand for surgical and N95 masks is also estimated to boost market growth in the near future.

The market is segmented by catalyst, type and manufacturing process. On the basis of catalyst, the segment for Zeigler-Natta catalysts is anticipated to hold the largest market share over the forecast period as a result of increasing demand for these catalysts in various applications and high tacticity of these compounds. Additionally, by manufacturing process, the gas phase segment is projected to hold the largest market share owing to the high cost effectiveness of this process.

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Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the polymerization catalyst market in Asia-Pacific is expected to hold the largest market share during the forecast period attributing to the growing consumption of polyolefin in China and India, and increasing production of polypropylene in South Korea and China.

Escalating Production of Polymer Resins Worldwide to Expand Market

Since the inception of plastic, it has outgrown most of the man-made materials in the world. This has also resulted in the increase in production of raw materials that are required for the manufacture of plastic products such as polymer resin. As these resins are one of the main components of polymerized catalysts, the market is evaluated to grow significantly in the coming years.

However, high cost of manufacturing polymerization catalysts is expected to operate as key restraint to the growth of the polymerization catalyst market over the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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This report also provides the existing competitive scenario of some of the key players of the global polymerization catalyst market which includes company profiling of W R Grace & Co., LyondellBasell Industries Holdings BV, Mitsui Chemicals Inc., Univation Technologies, LLC, China Petrochemical Corporation (Sinopec), Ulsan PP Co., Ltd, Quanzhou Grand Pacific Chemical Co. Ltd, Hyosung Vina Chemicals Co., Ltd, Advanced Global Investment Company, Toho Titanium Co. Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the polymerization catalyst market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.